The newly regulated fixed-odds betting in Brazil continues to show its economic strength. It generates significant revenue for the federal government. The market is also quickly becoming one of the largest betting ecosystems in the world.
From January to September 2025, sports betting and online gaming operators reached a gross gaming revenue of R$27.7 billion. This figure represents the total bets minus prizes paid. According to a Freedom of Information request by Pay4Fun, a payment company, Ministry of Finance data show that the federal government collected R$3.3 billion in taxes and levies from this activity.
Following the introduction of regulatory frameworks in early 2025, the numbers confirm the accelerating growth of the sector. Brazil has entered the rankings of the largest betting markets of the world for the first time. Regulus Partners, a global consultancy specializing in sports and leisure, reports that Brazil now ranks fifth. The country did not feature on the list at all before the regulation in the past year.
Tax revenue generated by betting operators flows to a number of public areas under the current Brazilian legislation. Aligning with the government’s policy of linking the industry to national sports infrastructure and programs, the Ministry of Sports became the largest beneficiary. The government transferred R$1.2 billion to it.
With R$953 million, the next biggest was the Ministry of Tourism. This is a result of how sports, entertainment, and tourism are connected, especially through major sporting events. These events drive both travel and economic activity.
Underlining government action to enhance law enforcement capabilities connected to oversight of betting activity, as well as cybercrime connected with wagering, the Public Security portfolio ranks third with R$461 million.
A number of other strategic sectors benefited from betting-related collections aside from the main beneficiaries. Social Security with R$347 million, Education with R$342 million, and Health with R$34 million.
